The Wilson Company is interested in forecasting demand for its XG-667 product for quarter 13 based on 12 quarters of data. The following shows the data and the double exponential smoothing model results for periods 1-12 using alpha = 0.20 and beta = 0.40. Based on this information, which of the following is the forecast for period 13?
A) About 1,345
B) Just under 1,300
C) Approximately 1,174
D) Nearly 1,225

Question

The Wilson Company is interested in forecasting demand for its XG-667 product for quarter 13 based on 12 quarters of data. The following shows the data and the double exponential smoothing model results for periods 1-12 using alpha = 0.20 and beta = 0.40.  Based on this information, which of the following is the forecast for period 13?
A) About 1,345 
B) Just under 1,300 
C) Approximately 1,174 
D) Nearly 1,225

Quizplus · Accepted Answer

The Answer of The Wilson Company is interested in forecasting demand for its XG-667 product for quarter 13 based on 12 quarters of data. The following shows the data and the double exponential smoothing model results for periods 1-12 using alpha = 0.20 and beta = 0.40.  Based on this information, which of the following is the forecast for period 13?
A) About 1,345 
B) Just under 1,300 
C) Approximately 1,174 
D) Nearly 1,225

The Wilson Company Is Interested in Forecasting Demand for Its